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U.S. Bank Becomes $100 Billion Servicer.(U.S. Bank Home Mortgage)(Brief article)
MINNEAPOLIS -- U.S. Bank Home Mortgage, the mortgage affiliate of U.S. Bancorp here, has surpassed $100 billion in home loan servicing receivables. U.S. Bank is the nation's 16th largest mortgage servicer, according to statistics compiled by the database group of Mortgage Servicing News. The company is also a top 20 mortgage originator.
U.S. Bancorp has nearly doubled its portfolio in the last five years, posting $52 billion in mortgage receivables in 2002. The company's servicing portfolio totaled just $17 billion in 1999. "Our portfolio growth was accelerated over the past several years primarily from the expansion of our mortgage production channels," said Bob Smiley, executive vice president of servicing for U.S. Bank Home Mortgage, in a news ...
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- Magazine article from: Mortgage Servicing News Muolo, Paul November 1, 2006 700+ words
...banking sources have told Mortgage Servicing News. The sale was made public in early...Jacksonville, Fla.; and MidFirst Bank, Oklahoma City. These firms had...organization." (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights...
- Servicing Deals Are Heating Up.(Mortgage Servicing News )
- Magazine article from: Mortgage Servicing News February 1, 2005 700+ words
...showing some signs of life. But will it last? As Mortgage Servicing News went to press, General Electric had finally unloaded the...San Francisco. And in one other large deal, Ohio Savings Bank FSB, Cleveland, was negotiating with a buyer on a $5 billion...
- Equipment Maintenance & Servicing.(News Briefs)
- Magazine article from: Bank Systems + Technology January 1, 1998 700+ words
...currencies and a wide range of security documents. The company also supplies cash handling and physical security equipment to banks and retailers. Diebold, Incorporated 5995 Mayfair Rd., North Canton, OH 44720; Contact: Jim Hughes, Dir., Sls. Supp...
- Cenlar Tackles HomeSaver Servicing.(News)
- Magazine article from: National Mortgage News July 13, 2009 700+ words
TRENTON, NJ-Fannie Mae has hired Cenlar, a Trenton, N.J., thrift, to service all newly written unsecured loans made under the government-sponsored enterprise's HomeSaver Advance program beginning Friday. Fannie has been using Dyck O'Neal Inc., an Arlington, Tex., collection agency, to service the
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
OUTSOURCING SUPPORT FOR THE processing of mortgages has become one of the most important management decisions faced by Australian lending institutions. Driving the growing mortgage servicing sector are two major pillars which underpin the success of all lending institutions: customer relationships
- Wells, BoA Dominate Ginnie Mae Servicing.(News)
- Magazine article from: Mortgage Servicing News October 1, 2009 700+ words
...Byline: Paul Muolo Washington-Wells Fargo Home Mortgage and Bank of America continued to dominate the GNMA servicing business...also dominate overall servicing, though the order is reversed. Bank of America serviced $2 trillion in loans at June 30 of this...
- Counseling and Mortgages 'Symbiotic'; Sign Up for Mortgage Servicing News...
- Magazine article from: Mortgage Servicing News June 1, 2009 700+ words
Byline: Amilda Dymi One of the most tangible lessons the industry and borrowers appear to have learned from the foreclosure crisis is that counseling is a symbiotic partner to mortgage finance. Demand is energizing the marketplace. Government programs and nonprofits no longer are the main customer
- Half of British garages fail survey on servicing.(News)
- Newspaper article from: Birmingham Evening Mail (England) September 21, 2002 700+ words
MORE than half of British garages deliver low standards of service, according to a disturbing new survey. The Government-sponsored mystery shopping survey found that 51 per cent of garages missed one or more safety related defects in cars or items that should have been picked up in regular
